{
 "schema": "hk.cei.card/v1",
 "entity_id": "BR10",
 "name": "Celebrity Cruises",
 "parent": "Royal Caribbean Group",
 "peer_group": "Premium ocean",
 "primary_segment": "Premium ocean",
 "core_geographies": "Caribbean / Mediterranean / Alaska / Galapagos",
 "release": "cei-2026-q4",
 "edition": "Q4 2026",
 "methodology": "v2.1",
 "grading_scale": "v2.1",
 "score": 82,
 "grade": "B-",
 "rank": 8,
 "of": 50,
 "peer_rank": 4,
 "peer_size": 11,
 "confidence": {
  "score": 89,
  "method": "counted_citations_v1",
  "counted_citations": [
   "RCL_1Q26",
   "RCL_2Q26",
   "RCL_10Q_2Q26",
   "CEL_TPUS26",
   "BR10_PXFLEET",
   "BR10_PXAWARD",
   "BR10_PXRATE"
  ]
 },
 "summary": "A credible premium trade-up brand with yield support, though exposed to the middle of the market.",
 "narrative": "Celebrity Cruises is a strong premium benchmark. Modern hardware, an affluent guest mix and Royal Caribbean Group's distribution and destination strength all help its yields. The risk is a squeeze between innovation-heavy mass-market ships and scarce true luxury.",
 "strengths": [
  "A premium yield mix and modern hardware support Celebrity's rate quality.",
  "Affluent guests trading up remain commercially attractive.",
  "Royal Caribbean Group gives the brand unusually strong distribution and destination capabilities."
 ],
 "fragilities": [
  "Celebrity can get squeezed between mass-market innovation and true luxury scarcity.",
  "It has to keep its premium lane clear as competitors sharpen.",
  "Hardware freshness and service consistency remain central, and Trustpilot reviewers cite poor customer service."
 ],
 "what_moves_this_letter": [
  "Whether premium yield stays visibly differentiated.",
  "Whether Celebrity keeps trading guests up cleanly.",
  "Whether its premium position stays distinct from mainstream innovation and luxury boutique offers."
 ],
 "pillars": [
  {
   "id": "demand_quality",
   "name": "Demand Quality",
   "weight_pct": 13,
   "score": 85,
   "class_median": 81.0,
   "evidence_mode": "official_source_snapshot"
  },
  {
   "id": "pricing_revenue_integrity",
   "name": "Pricing & Revenue Integrity",
   "weight_pct": 13,
   "score": 83,
   "class_median": 83.0,
   "evidence_mode": "official_observed_surface"
  },
  {
   "id": "destination_itinerary_advantage",
   "name": "Destination & Itinerary Advantage",
   "weight_pct": 13,
   "score": 82,
   "class_median": 82.0,
   "evidence_mode": "official_observed_surface"
  },
  {
   "id": "product_experience",
   "name": "Product & Experience",
   "weight_pct": 12,
   "score": 84,
   "class_median": 80.0,
   "evidence_mode": "multi_source_primary"
  },
  {
   "id": "distribution_channel_productivity",
   "name": "Distribution & Channel Productivity",
   "weight_pct": 9,
   "score": 79,
   "class_median": 75.0,
   "evidence_mode": "official_observed_surface"
  },
  {
   "id": "ancillary_onboard_monetization",
   "name": "Ancillary & Onboard Monetization",
   "weight_pct": 9,
   "score": 80,
   "class_median": 73.0,
   "evidence_mode": "official_observed_surface"
  },
  {
   "id": "crm_loyalty_ltv",
   "name": "CRM, Loyalty & LTV",
   "weight_pct": 9,
   "score": 81,
   "class_median": 79.5,
   "evidence_mode": "official_observed_surface"
  },
  {
   "id": "commercial_execution_discipline",
   "name": "Commercial Execution Discipline",
   "weight_pct": 13,
   "score": 81,
   "class_median": 79.0,
   "evidence_mode": "official_source_snapshot"
  },
  {
   "id": "strategic_flexibility_resilience",
   "name": "Strategic Flexibility & Resilience",
   "weight_pct": 9,
   "score": 79,
   "class_median": 74.0,
   "evidence_mode": "official_source_snapshot"
  }
 ],
 "card_source_codes": [
  "RCL_10K25",
  "BR10_PXFLEET",
  "BR10_PXAWARD",
  "BR10_PXRATE"
 ],
 "guest_rating": {
  "source": "Cruise Critic member reviews",
  "value": 4.1,
  "reviews": 20957,
  "url": "https://www.cruisecritic.com/cruise/celebrity/reviews",
  "read_on": "2026-09-17"
 },
 "developments": [
  {
   "date": "2026-04-30",
   "headline": "Group notes softer Mediterranean and West Coast Mexico bookings in March-April",
   "detail": "Royal Caribbean Group said bookings for Mediterranean and West Coast of Mexico itineraries moderated in March and early April because of geopolitical developments. It said bookings had since recovered to a pace above the prior year, and it did not single out Celebrity.",
   "source_id": "RCL_1Q26"
  },
  {
   "date": "2026-07-28",
   "headline": "Celebrity River Cruises confirmed for 2027",
   "detail": "Royal Caribbean Group restated that it enters river cruising in 2027 with Celebrity River Cruises. The release does not break out Celebrity's own results.",
   "source_id": "RCL_2Q26"
  },
  {
   "date": "2026-07-28",
   "headline": "Group raises 2026 guidance; Celebrity Xcel drives capacity growth",
   "detail": "Royal Caribbean Group raised full-year Adjusted EPS guidance to $17.73-$17.87. Its 10-Q attributes second-quarter capacity growth of 4.9% to Star of the Seas and Celebrity Xcel.",
   "source_id": "RCL_10Q_2Q26"
  },
  {
   "date": "2026-08-19",
   "headline": "Trustpilot snapshot: 698 reviews, mostly negative",
   "detail": "A Trustpilot snapshot for celebritycruises.com showed 698 reviews, 135 from the prior 12 months. In a 130-review sample most reviewers were unhappy, citing customer service, phone waits and extra charges, while some praised onboard staff and dining.",
   "source_id": "CEL_TPUS26"
  },
  {
   "date": "2026-09-08",
   "headline": "Grade revised on Q4 evidence sweep",
   "detail": "On the Trustpilot sample above, commercial execution discipline and pricing and revenue integrity were each cut by 3 points. The evidence was rated tier B: one platform, a 100-300-review sample and a consistent signal.",
   "source_id": "CEL_TPUS26"
  },
  {
   "date": "2026-09-14",
   "headline": "First river ship Celebrity Compass floated out",
   "detail": "Celebrity Compass, the first Celebrity River Cruises ship, was floated out ahead of its 2027 debut. The line plans 20 European river ships by 2031.",
   "source_id": "CEL_FLOAT26"
  },
  {
   "date": "2026-09-17",
   "headline": "Product & Experience pillar added",
   "detail": "Cruise Critic members rate the line 4.1 of 5 across 20,957 reviews. Celebrity operates 15 ships (about 38,900 berths) across the Millennium, Solstice and Edge classes plus the Galápagos ship Celebrity Flora. Celebrity Xcel entered service in late 2025, and the next Edge-class ship, Celebrity Xcite, is due in the fourth quarter of 2028. Celebrity River Cruises has four 170-berth ships on firm order for 2027-2028 within a plan for 20 river ships. Cruise Critic's 2025 Best in Cruise Awards named Celebrity 'Best Specialty Dining' (ocean) and Celebrity Xcel 'Best New Ship', and the line placed third for 'Best Ocean Cruise Line' in Cruisers' Choice.",
   "source_id": "BR10_PXFLEET"
  }
 ],
 "current_sources": [
  "RCL_1Q26",
  "RCL_2Q26",
  "RCL_10Q_2Q26",
  "CEL_TPUS26",
  "BR10_PXFLEET",
  "BR10_PXAWARD",
  "BR10_PXRATE",
  "CEL_FLOAT26"
 ],
 "sources_verified_on": "2026-10-01",
 "sources": {
  "RCL_1Q26": {
   "title": "Royal Caribbean Group Reports First Quarter Results That Exceeded Expectations and Provides an Update to Full Year Guidance",
   "date": "April 30, 2026",
   "url": "https://www.sec.gov/Archives/edgar/data/884887/000088488726000024/a2026q1earningsrelease.htm",
   "label": "Royal Caribbean Group Q1 2026 results (8-K exhibit 99.1)"
  },
  "RCL_2Q26": {
   "title": "Royal Caribbean Group Reports Second Quarter Results Above Expectations and Raises Full Year Guidance",
   "date": "July 28, 2026",
   "url": "https://www.sec.gov/Archives/edgar/data/884887/000088488726000036/a2026q2earningsrelease.htm",
   "label": "Royal Caribbean Group Q2 2026 results (8-K exhibit 99.1)"
  },
  "RCL_10Q_2Q26": {
   "title": "Royal Caribbean Cruises Ltd. Form 10-Q for the quarter ended June 30, 2026",
   "date": "filed July 28, 2026",
   "url": "https://www.sec.gov/Archives/edgar/data/884887/000088488726000038/rcl-20260630.htm",
   "label": "Royal Caribbean Group 10-Q, Q2 2026"
  },
  "CEL_TPUS26": {
   "title": "Celebrity Cruises (celebritycruises.com) Trustpilot reviews",
   "date": "search-index snapshot accessed 19 August 2026 (site blocks automated re-verification)",
   "url": "https://www.trustpilot.com/review/www.celebritycruises.com",
   "label": "Trustpilot: Celebrity Cruises reviews"
  },
  "BR10_PXFLEET": {
   "title": "Celebrity Cruises — Wikipedia",
   "date": "accessed September 2026",
   "url": "https://en.wikipedia.org/wiki/Celebrity_Cruises",
   "label": "Celebrity Cruises — Wikipedia"
  },
  "BR10_PXAWARD": {
   "title": "Cruise Critic Releases the 2025 'Best in Cruise Awards'",
   "date": "3 December 2025",
   "url": "https://www.prnewswire.com/news-releases/cruise-critic-releases-the-2025-best-in-cruise-awards-naming-the-best-cruises-of-the-year-302630964.html",
   "label": "Cruise Critic Releases the 2025 'Best in Cruise Awards'"
  },
  "BR10_PXRATE": {
   "title": "Cruise Critic Member Reviews",
   "date": "read 17 September 2026 (site blocks automated re-verification; read in a browser 1 October 2026)",
   "url": "https://www.cruisecritic.com/cruise/celebrity/reviews",
   "label": "Cruise Critic Member Reviews"
  },
  "RCL_10K25": {
   "title": "Royal Caribbean Group Form 10-K for year ended December 31, 2025",
   "date": "filed in 2026",
   "url": "https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm",
   "label": "Royal Caribbean Group 2025 Form 10-K"
  },
  "CEL_FLOAT26": {
   "title": "Celebrity Marks Float Out of Compass, Its First River Ship",
   "date": "14 September 2026",
   "url": "https://cruiseindustrynews.com/cruise-news/2026/09/celebrity-marks-float-out-of-compass-its-first-river-ship/",
   "label": "Cruise Industry News: Celebrity Compass float-out"
  }
 },
 "unresolved_source_ids": [],
 "card_url": "https://hawkeskwortnik.com/commercial-excellence-index/industry/#brand=BR10",
 "page": "https://hawkeskwortnik.com/readings/cei/celebrity-cruises",
 "data": "https://hawkeskwortnik.com/data/cei/cei-2026-q4/BR10.json",
 "method": "https://hawkeskwortnik.com/readings/method",
 "license": "CC BY-ND 4.0, attribute to Hawkes & Kwortnik with the edition",
 "note": "Copied from the data the live report card renders. Ungraded or missing values are null, never imputed."
}